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Nov 29, 2012
11/12
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cliff talks. do you think anyone is serious about that? >> well, there needs to be. medicare is the largest growth in expenditure in the federal budget. if we don't reform the way that we pay of medicare it's going to be one of the things that breaks the bank and makes us unable to meet our obligations, so we absolutely have to reform it. the legislation that i wrote back in 2010 that we passed a bipartisan support and signed by the president went after something that everything to everybody is against. gerri: let's get to that in the second. i just want to spend one more second of this idea. the senator from illinois saying on tv that he would like to see 400 billion entitlement cuts, the vast majority of the savings, all of it coming from medicare. is that the right amount? more, less? >> its plan to have to be more overtime. at least the democrats are talking about something. the fastest-growing part of the budget. 85 percent of the federal budget is medicare, medicaid, social security defense
cliff talks. do you think anyone is serious about that? >> well, there needs to be. medicare is the largest growth in expenditure in the federal budget. if we don't reform the way that we pay of medicare it's going to be one of the things that breaks the bank and makes us unable to meet our obligations, so we absolutely have to reform it. the legislation that i wrote back in 2010 that we passed a bipartisan support and signed by the president went after something that everything to...
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Aug 22, 2012
08/12
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i'm obsessed with the fiscal cliff. i wish i could tell you that members when you talk to hem are any further from their denial or closer to the reality of how quickly they have to forge consensus from november 7 to christmas eve. they are not. the new rumor is they will let everything expire and set in on december 31 because that way, five days later they can reinstate some of the tax cut if not all of them so they are tax cutters instead of people who raised taxes. >> bret: you're sitting on the couch, charles, at home and you have to sit at the table and do your budget do you look at washington and say what is going on there? >> well, this is kind of crazy way to do business. i feel strange equanimity about the cliff. i'd like to get my shorts in a twist. i can't make myself. only two options. obama wins or romney wins in november. if obama wins, elmendorf warning is useful one. everybody knows if nothing happens we're going over a cliff and have a recession. assume obama win, he doesn't want to have a recession or a
i'm obsessed with the fiscal cliff. i wish i could tell you that members when you talk to hem are any further from their denial or closer to the reality of how quickly they have to forge consensus from november 7 to christmas eve. they are not. the new rumor is they will let everything expire and set in on december 31 because that way, five days later they can reinstate some of the tax cut if not all of them so they are tax cutters instead of people who raised taxes. >> bret: you're...
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Sep 29, 2012
09/12
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CNN
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signs of life in the housing market, this fiscal cliff comes from elected officials. >>> don't go away, we will talk about the middle class itself and why your trip to the mall this weekend may be subsidizing your own demise. st plug is into, and your good driving can save you up to 30%. you could even try it without switching your insurance. why not give it a shot? carry on. now you can test-drive snapshot before you switch. visit progressive.com today. and the family car to do an experiment. we put a week of her family's smelly stuff all in at once to prove that febreze car vent clips could eliminate the odor. then we brought her family to our test facility to see if it worked. [ woman ] take a deep breath, tell me what you smell. something fresh. a beach. a clean house. my new car. [ woman ] go ahead and take your blindfolds off. oh!! hahahaha!!! look at all this garbage!!! [ male announcer ] febreze car. eliminates odors for continuous freshness, so you can breathe happy. why? i thought jill was your soul mate. no, no it's her dad. the general's your soul mate? dude what? no, no, n
signs of life in the housing market, this fiscal cliff comes from elected officials. >>> don't go away, we will talk about the middle class itself and why your trip to the mall this weekend may be subsidizing your own demise. st plug is into, and your good driving can save you up to 30%. you could even try it without switching your insurance. why not give it a shot? carry on. now you can test-drive snapshot before you switch. visit progressive.com today. and the family car to do an...
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Dec 2, 2012
12/12
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cliff talks with democrats. treasury secretary tim geithner saying and telling chris wallace republicans must accept the tax hikes for the wealthy to reach a deal. a deal is what we are after. peter doocy live in washington with more. peter, tell us first, speaker boehner -- the big problem right now with the white house proposal that was just presented. >> jamie, speaker boehner says he was flabbergasted when the treasury secretary geithner came to capitol hill and told him what the president wants. and this is why. >> the president is asking for $1.6 trillion worth of new revenue in ten years. twice as much as he has been asking for in public. he had stimulus spending in here that exceeded the amount of new cuts he was willing to consider. it was not a serious offer. >> reporter: secretary geithner says the white house $4 trillion plan has 2 to 1 ratio of cuts to spending increases. but everything we heard from speaker boehner suggests the $1.6 trillion in new revenue the white house wants is too much. especia
cliff talks with democrats. treasury secretary tim geithner saying and telling chris wallace republicans must accept the tax hikes for the wealthy to reach a deal. a deal is what we are after. peter doocy live in washington with more. peter, tell us first, speaker boehner -- the big problem right now with the white house proposal that was just presented. >> jamie, speaker boehner says he was flabbergasted when the treasury secretary geithner came to capitol hill and told him what the...
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Nov 30, 2012
11/12
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FBC
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last night, we covered the details of the president's opening gambit in the fiscal cliff talk. he wants a $1.6 trillion tax increase, 50 billion and stimulus spending. and the white house has the ability to raise the debt ceiling without congressional approval. a very big deal for folks there. today, the president is out there, trying to drum up support among the public. not in washington or with congress or the senate. here is what he had to say. >> it is not acceptable to me, and i do not think it is acceptable to you for a handful of republicans in congress will middle-class tax cuts hostage simply because they don't want tax rates on upper income folks go up. gerri: it sounds like the same old, same old. the president has been making the same comments again. is this any way to sell a plan? >> there really is not. the president is not being serious about this. the fact that the president is out there campaigning on this rather than negotiating, it means that those that are negotiating, such as secretary geithner, they probably don't feel bound by what the president is saying
last night, we covered the details of the president's opening gambit in the fiscal cliff talk. he wants a $1.6 trillion tax increase, 50 billion and stimulus spending. and the white house has the ability to raise the debt ceiling without congressional approval. a very big deal for folks there. today, the president is out there, trying to drum up support among the public. not in washington or with congress or the senate. here is what he had to say. >> it is not acceptable to me, and i do...
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Dec 21, 2012
12/12
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. >> candid moment with house speaker boehner as talks to address the fiscal cliff yet to produce a deal. the speaker acknowledged trying to bridge the differences with the president has been difficult. >> i told the president on monday, these were my bottom lines. the president told me that his numbers, $1.3 trillion in new revenues, $850 billion in spending cuts, was his bottom line. that he couldn't go any further. >> so boehner spent time and energy this week on trying to advance plan "b" designed to extend the current tax rate for all, but those earning $1 million or more. the g.o.p. leadership recognized it didn't have the votes last night it was pulled. speaker predicted it would pass. today explained went went wrong. >> there was a perception created that that vote last night was going to increase taxes. i disagree with the characterization of the bill. but the perception was out there. >> the timing wasn't good since boehner has to win re-election as speaker. in senate, democratic majority leader was barely able to contain himself. >> we new the so-called plan "b" was no plan at
. >> candid moment with house speaker boehner as talks to address the fiscal cliff yet to produce a deal. the speaker acknowledged trying to bridge the differences with the president has been difficult. >> i told the president on monday, these were my bottom lines. the president told me that his numbers, $1.3 trillion in new revenues, $850 billion in spending cuts, was his bottom line. that he couldn't go any further. >> so boehner spent time and energy this week on trying to...
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Nov 30, 2012
11/12
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healthcare has not so far been major issue in the fiscal cliff talks. it may. but chief national correspondent jim angle tells us tonight that president obama won re-election and obamacare kicks in, the economy is about to feel the effects. >> starting january 1, the obama administration will raise taxes far more than just eliminating the bush tax cuts for the top brackets. the new healthcare law will raise taxes of its own. additional $318 billion over ten years. including a new 3.8% tax on investment income and reduced deductions for those of all incomes. >> this is not an incon quincable thing. you are -- incon consequencial thing. >> those affected most will the small businesses many of which pay taxes at the individual rate and get a double whammy with the simultaneous end of the bush tax cut and tax increases under obamacare. almost 60% increase in tax on investment. >> entrepreneurs with small businesses, certain number of workers now they will be facing a four or five, 10% point increase in the tax liabilities. that means they will have income to invest
healthcare has not so far been major issue in the fiscal cliff talks. it may. but chief national correspondent jim angle tells us tonight that president obama won re-election and obamacare kicks in, the economy is about to feel the effects. >> starting january 1, the obama administration will raise taxes far more than just eliminating the bush tax cuts for the top brackets. the new healthcare law will raise taxes of its own. additional $318 billion over ten years. including a new 3.8% tax...
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Nov 28, 2012
11/12
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megyn: fox news alert new fallout from the fiscal cliff talks. the white house facing tough questions about what's really on the table when it comes to a big deal with republicans. i'm megyn kelly. we detailed the report last hour from an influential political blogger how some union reps and progressive groups held a private meeting with white house senior officials yesterday. these groups were told not to worry about entitlement reforms or big budget cuts as part of this deal. ed henry asked the white house, are federal spending cuts part of this package or not? >> when asked about pressuring democrats you said he vowed to do that in the future. >> he has done it in the past and he will do it in the future. he committed every time he talks about this to a balanced approach that includes -- revenues, spending cuts and savings through entitlement reforms. megyn: ed henry joins us now fresh from the exchange with mr. carney. what happened there? >> reporter: it's a big story that's developing. all along there has been an assumption on both sides th
megyn: fox news alert new fallout from the fiscal cliff talks. the white house facing tough questions about what's really on the table when it comes to a big deal with republicans. i'm megyn kelly. we detailed the report last hour from an influential political blogger how some union reps and progressive groups held a private meeting with white house senior officials yesterday. these groups were told not to worry about entitlement reforms or big budget cuts as part of this deal. ed henry asked...
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Nov 19, 2012
11/12
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FBC
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the democrats think they have the edge in talks over the fiscal cliff. is that the case? a political panel is weighing in coming out. gerri: the notorious gridlock escalating with neither side budging over the fiscal cliff. >> we put revenue on the table. significant spending cuts. >> you can't get more options. gerri: a one-two punch, at the end of the year. will washington ever get its act together and what is at stake? bringing in our all-star panel. former campaign adviser to john mccain and doug shown also a fox news contributor. >> there might be a last-minute deal to sort of kick the can down the road and do framework for cutting spending and entitlements and tax reform. what i saw last week from the president and the congressional leadership doesn't give me optimism. gerri: i wanted to hear the president what the president had to say where he is traveling today. >> as president i cannot impose my will on congress. the congress of the united states, even though sometimes i wish i could. gerri: that's like i can't impose my will, but i wish i could. >> he has done s
the democrats think they have the edge in talks over the fiscal cliff. is that the case? a political panel is weighing in coming out. gerri: the notorious gridlock escalating with neither side budging over the fiscal cliff. >> we put revenue on the table. significant spending cuts. >> you can't get more options. gerri: a one-two punch, at the end of the year. will washington ever get its act together and what is at stake? bringing in our all-star panel. former campaign adviser to...
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Dec 17, 2012
12/12
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fiscal cliff talks and the latest on secretary of state hillary clinton's concussion. in light of friday's events, the conversation of the fiscal cliff has taken on a different tone. both sides are aware this is not the time for pettiness. over the weekend, house speaker john boehner made a significant concession. he proposed a republican counteroffer that would raise tax rates on incomes of $1 million or more from 800 billion to around $1 trillion. in exchange he is looking for cuts in entitlements, a number close to $1 trillion. the last offer was $600 billion. both sides would agree to broughten taxes and reform and include mow triggers in fiscal cliffs. it would raise the debt ceiling to last until next year, possibly buying down sequestration. i will take you live to newtown, connecticut with the first press conference of the day. >> relative to educational process here in town. let's talk about the schools right now with lieutenant sinko. >> it's still going on and schools are working closely with the faculty, students and parents to try to be respectful and resu
fiscal cliff talks and the latest on secretary of state hillary clinton's concussion. in light of friday's events, the conversation of the fiscal cliff has taken on a different tone. both sides are aware this is not the time for pettiness. over the weekend, house speaker john boehner made a significant concession. he proposed a republican counteroffer that would raise tax rates on incomes of $1 million or more from 800 billion to around $1 trillion. in exchange he is looking for cuts in...
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Nov 21, 2012
11/12
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unions looking to hijack fiscal cliff talks by trying to convince democrats and republicans to take a sharp left. launching an ad campaign telling both parties to raise taxes and don't dare budge on those entitlement cuts. former new york mayor rudy guiliani says the push to the left just isn't right. mr. mayer, a lot of money, a lot of money at stake. you know all the people involved, all of the groups are going to come out. >> critical straitening out of the fiscal disaster, dealing with expenditures. where the republicans have to give on revenues, they only have to give on revenues if you get really good cuts in expenditures this is a terrible message. maybe good for the unions, but it is bad for the country and our children because of this does is increase the debt under which they are operating and which is already getting close to historic. tom: the thing about all this, it seems like we are getting into a semantic battle because i was reading through the statement said the union leaders , spending a lot of money advertising, especially to republican congressional folks. >> righ
unions looking to hijack fiscal cliff talks by trying to convince democrats and republicans to take a sharp left. launching an ad campaign telling both parties to raise taxes and don't dare budge on those entitlement cuts. former new york mayor rudy guiliani says the push to the left just isn't right. mr. mayer, a lot of money, a lot of money at stake. you know all the people involved, all of the groups are going to come out. >> critical straitening out of the fiscal disaster, dealing...
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Nov 28, 2012
11/12
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should entitlement reform be part of fiscal cliff talks? log on to gerriwillis.com, vote on the right hand side of the screen, and we'll share the results. departments paint grover as the villain for why there's no deal. does he deserve the blame? american enterprise institute and political science, norm, i understand that you blame grover front and center. he's the man carrying a pitch fork tonight. >> well, i blame grover, among others, for a lot of the tribalism we've had in the last few years, but it's also the case. if you look at the simpson-bowles report, the rivlin-dmin economy report, the gang of six and crapo and johanns, all say we need a deal that includes $4 trillion in debt reduction over ten years, and about a third of it coming from revenues. you got revenues at 15% or just over that of gdp, and spending at 24%, and you got to bring the spending down, but you got to bring revenues up. frankly, we're not going to have a deal. gerri: it's the object of debate, debated every night here. >> yeah. gerri: i was looking at your bio
should entitlement reform be part of fiscal cliff talks? log on to gerriwillis.com, vote on the right hand side of the screen, and we'll share the results. departments paint grover as the villain for why there's no deal. does he deserve the blame? american enterprise institute and political science, norm, i understand that you blame grover front and center. he's the man carrying a pitch fork tonight. >> well, i blame grover, among others, for a lot of the tribalism we've had in the last...
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Dec 31, 2012
12/12
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the fiscal cliff that would take statesmanship from the president and it would do the economy a world of good and i wish that would happen. think about this, this is a major situation. we are almost 24-hours away from the new year. no business, no investor, no worker knows what the capital gains tax will be the personal tax is going to be the social security tax will be alternative minimum tax will be. it is like a third world country we are right to blame both parties in congress because they have to get their act together and get this done. >> i don't just blame both partys in congress i blame the president, too. this is about rolling up your sleeves making phone calls i remember whether it's lyndon johnson or bill clinton or ronald reagan they knew how to work the telephone. that's not happening here. >> it isn't. i think there's blame on both sides. one of the frustrations when i go to republican source on capitol hill they say the president is in the same place negotiation as he was 6 weeks ago that is to say you were right when there was spending problem. we are spending 1.2 tri
the fiscal cliff that would take statesmanship from the president and it would do the economy a world of good and i wish that would happen. think about this, this is a major situation. we are almost 24-hours away from the new year. no business, no investor, no worker knows what the capital gains tax will be the personal tax is going to be the social security tax will be alternative minimum tax will be. it is like a third world country we are right to blame both parties in congress because they...
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Nov 22, 2012
11/12
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you know, at the fiscal cliff, anxiety raises. i don't think anyone is talking about entitlements. >> actually, going back to what you said about 45 million, i don't know the exact number, when you think about it, that is one out of seven americans. one out of four is having their turkey dinner paid for by taxpayers. what is wrong that people can't afford to put food on the table. it's a testament to how this economy is. and how much we have created the entitlement mentality that everyone feels they should that they should be on food stamps. when you look at the costs, within about two years, texas at the federal level are going to go just to pay for entitlement programs that have no money left over to pay for all of the other programs of the government. and i find it very suspicious and interesting as you do that here we have been talking about this for the last couple of weeks and nobody is talking about reforming these things. >> here is the thing. my idea is let them out there. you have a couple of years to do damage control.
you know, at the fiscal cliff, anxiety raises. i don't think anyone is talking about entitlements. >> actually, going back to what you said about 45 million, i don't know the exact number, when you think about it, that is one out of seven americans. one out of four is having their turkey dinner paid for by taxpayers. what is wrong that people can't afford to put food on the table. it's a testament to how this economy is. and how much we have created the entitlement mentality that everyone...
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Nov 21, 2012
11/12
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>>eric: we talk about fiscal cliff a lot. it is on america's mind, worried about the tax structure, are people pulling back because of what may happen in january? >>guest: people are looking for bargains. in the toy business what we see is good times and bad and the last time parents cut back is holiday present for kid so ever during the negative times in the fall of 2008 and 2009, our sales grew around the world. >>imus: are you worried about the fiscal cliff on a corporate legal? >>guest: they will solve it. that is my bet. the broader economic picture remains, but i am comfort with the business. >>eric: have you held back until we find out if we go off the fiscal cliff? >>guest: we cannot slight the business for another purpose so we hired 45,000 seasonal employees more than last year. >>eric: the president saved the lives of these turkeys so why is peta so upset. the answer will have you saying "i degree -- i beg your pardon." . is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on grou
>>eric: we talk about fiscal cliff a lot. it is on america's mind, worried about the tax structure, are people pulling back because of what may happen in january? >>guest: people are looking for bargains. in the toy business what we see is good times and bad and the last time parents cut back is holiday present for kid so ever during the negative times in the fall of 2008 and 2009, our sales grew around the world. >>imus: are you worried about the fiscal cliff on a corporate...
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Oct 24, 2012
10/12
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everyone talking about this fiscal cliff. yet the president at one point said he has no problem seeing as go over it. what happens if we actually do get to that point where we are, you know, jumping over it like thelma and louise? >> there are two sides to the fiscal cliff. tax hikes and spending cuts. my judgment is the spending cuts are mainly a good thing. the u.s. is spending too much money and a lot of the we are spending it on his whistle. so most of the spending cuts i would be perfectly happy with an adult think that they will do much to slow down the economy. tax hikes are a different story. clearly terrible idea. to some extent we may already be seen as a tax. the current slow-growth is partially anticipation, so we are not necessarily going to be falling off a cliff on january january 1. we are already sort of going down that the slowly because of the anticipation of those tax hikes. tracy: and you know what, nine times out of ten they make things retroactive anyway, so if we fall off the cliff will bounce right ba
everyone talking about this fiscal cliff. yet the president at one point said he has no problem seeing as go over it. what happens if we actually do get to that point where we are, you know, jumping over it like thelma and louise? >> there are two sides to the fiscal cliff. tax hikes and spending cuts. my judgment is the spending cuts are mainly a good thing. the u.s. is spending too much money and a lot of the we are spending it on his whistle. so most of the spending cuts i would be...
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Nov 29, 2012
11/12
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CNNW
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and obviously the fiscal cliff. we'll talk to two men on opposite sides of this, the executive director of stop gambling. i'm going to start with you, terry rich, you obviously run one of the big lotteries in america. you obviously heard what dave said, they don't like it, a tax on the poor, and really it should just be cancelled. >> you know, as he said that, i would just add one word, it is opti optional revenue, people don't have to play. and as lotteries work across the country under great leadership of the governor and legislature, who wouldn't allow, as you say, preying on the poor, it is important that we continue to talk about the lottery. that it is not an investment. i absolutely agree with that. this is a chance to have some entertainment. and in this tough economic times to dream just a little bit. so anybody who is spending too much, we'll say don't play. we don't want you to play, get help, you know somebody who is doing that. every lottery has a website and an address with how to get help. this is dis
and obviously the fiscal cliff. we'll talk to two men on opposite sides of this, the executive director of stop gambling. i'm going to start with you, terry rich, you obviously run one of the big lotteries in america. you obviously heard what dave said, they don't like it, a tax on the poor, and really it should just be cancelled. >> you know, as he said that, i would just add one word, it is opti optional revenue, people don't have to play. and as lotteries work across the country under...
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Dec 27, 2012
12/12
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. >>> today is a critical moment in a fiscal cliff talk with days remaining in the year. the prospect seems slim and more than 400 lawmakers are waiting if are a possible call from speaker boehner to get into action. oklahoma congressman tom cole serves on the house committee and former head at one point, thanks so much for being on the program. >> thank you. >>> you surprised at all that you are at home in oklahoma right now and not in washington, d.c.? >> i'm going to be on an airplane tomorrow headed back. i think there is still a chance to get something done. these deals usually come together at the last moment. that's what happened at the budget and the debt ceiling deal and that will happen again. >> why are you cautiously optimistic when everyone said we are going to go over the cliff? >> to paraphrase ronald reagan, there is so much manure around here, there has to be a pony someplace. common sense takes over and nobody wants the taxes on 98% of the american people to go up. i think we can act quickly to take care of that and wish we have done so several weeks ago
. >>> today is a critical moment in a fiscal cliff talk with days remaining in the year. the prospect seems slim and more than 400 lawmakers are waiting if are a possible call from speaker boehner to get into action. oklahoma congressman tom cole serves on the house committee and former head at one point, thanks so much for being on the program. >> thank you. >>> you surprised at all that you are at home in oklahoma right now and not in washington, d.c.? >> i'm...
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Dec 19, 2012
12/12
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there is big news to report tonight on the fiscal cliff talks. today social security got sucked into the negotiations. here is the latest offer from the white house. the president of the united states campaigned on letting taxes go up on anyone making $250,000 a year. now he is offering to almost double it to $400,000 a year. democrats are also offering $8 billion in cuts. they want to raise the debt ceiling for the next two years. and now the white house is offering cost-of-living adjustments on social security. these are not your average cost-of-living adjustments. the white house says we can recalculate how much money people get as they age. the technical changes could save some money, but it could cost seniors dearly. this is what the poverty rate for seniors would look like without social security. almost half the seniors would fall below the poverty line. now look at this. social security dramatically reduces poverty among seniors. cutting social security would be cruel. the white house is defending the proposal. >> the president has always
there is big news to report tonight on the fiscal cliff talks. today social security got sucked into the negotiations. here is the latest offer from the white house. the president of the united states campaigned on letting taxes go up on anyone making $250,000 a year. now he is offering to almost double it to $400,000 a year. democrats are also offering $8 billion in cuts. they want to raise the debt ceiling for the next two years. and now the white house is offering cost-of-living adjustments...
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Nov 29, 2012
11/12
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cliff talks, martha. martha: we'll see. the way they speak publicly there doesn't seem to be a lot of budging on either side. we know there were pretty high profile white house meetings, but those conversations, not happening publicly right now, but are they going on behind closed doors do we think? >> reporter: we know president obama and speaker john boehner had a phone conversation last night. a source familiar with the call said it lasted more than 15 minutes. that's critical because think deal will need to be carried by the two of them, bottom line democratic leaders here on the hill will go along with the president's plan, speaker boehner needs to be able to sell it in the house, martha. martha: there was a report that there was a curt, tense conversation. now we are learning that it went on as you said, mike for 15 minutes and the men had quite a bit to talk about. we'll see where it goes. thank you, mike. >> reporter: thank you, martha. bill: the state of arizona just announcing it will not create
cliff talks, martha. martha: we'll see. the way they speak publicly there doesn't seem to be a lot of budging on either side. we know there were pretty high profile white house meetings, but those conversations, not happening publicly right now, but are they going on behind closed doors do we think? >> reporter: we know president obama and speaker john boehner had a phone conversation last night. a source familiar with the call said it lasted more than 15 minutes. that's critical because...
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Dec 30, 2012
12/12
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good evening. >> good to see you. >> we hear a lot of talk about how if we go over the fiscal cliff, people aren't going to feel it very quickly. is that so? >> it's not. and i was really glad you began with that, because i think particularly all the people who are unemployed who are going to lose benefits, we're not paying enough attention to that. that's bad in two ways. first, those are very vulnerable americans. and secondly, that's a lot of mop e ey -- money sucked out ofe economy. so this is a very serious consequence. it is, by the way, why i still think there is going to be a deal on the cliff. i think on the republican side, they know that the only way to contain the tax increase that would come full force if we go over the cliff is to make a deal now. because it will be harder for them to deal after the clinton tax rates all come back. they also realize they're probably going to take most of the blame. but on the democratic side, there is a real interest in protecting all of those vulnerable people, plus the middle class people on the amt. and the last thing president obama
good evening. >> good to see you. >> we hear a lot of talk about how if we go over the fiscal cliff, people aren't going to feel it very quickly. is that so? >> it's not. and i was really glad you began with that, because i think particularly all the people who are unemployed who are going to lose benefits, we're not paying enough attention to that. that's bad in two ways. first, those are very vulnerable americans. and secondly, that's a lot of mop e ey -- money sucked out...
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Oct 26, 2012
10/12
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he will get a second term and cut a deal avoiding the fiscal cliff. >> i will go to capitol hill and wash john boehneree car, walk mitch mcconnell's dog. >> promises that fly in face of the republican speaker john boehner's complaint that the president hasn't scheduled meeting with congressional leaders in several months. let alone a car wash. >> not something that i propose and it's something that congress proposed. >> fact checkers today gave it four pinocchios noting while republicans agreed to the sequester a claim by chief of staff jack lew it was not originally the white house's idea is a whopper. >> now all of this is prelude to one week from today when we get a new jobs report. four days before election day. bret? >> bret: ed henry live on the north lawn. thank you. we will take a closer look at how the gdp numbers are keeping standard of living down. that is coming up in a few minutes. more now on governor romney's economic address today in iowa. the challenger's mission to draw a sharp contrast with the president's economic philosophy. use the president's own words against
he will get a second term and cut a deal avoiding the fiscal cliff. >> i will go to capitol hill and wash john boehneree car, walk mitch mcconnell's dog. >> promises that fly in face of the republican speaker john boehner's complaint that the president hasn't scheduled meeting with congressional leaders in several months. let alone a car wash. >> not something that i propose and it's something that congress proposed. >> fact checkers today gave it four pinocchios noting...
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Nov 14, 2012
11/12
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we have been talking a lot about the fiscal cliff, and i think it is critically importanfor anyone in the housing market right now. you could see higher taxes, change the way you think a lot investing. you could find out that yu are really on the hook for more money. what are you telling peoe about that issue? >> you know, there are certain things we can control and ceain things that we can't. the government could make some -- the government to mke some disastrous decisions for the real-estate market like letting the -- letting expire the debt forgiveness act. mortgage tax deductis all sorts ofhings go wrong. would you care right now is, c you afford to buy property safely, are ouin a rlatively stable job? affordability levels are still at historically good numbers. is really a gd time to be on the market if you can get the financing. you ho that sanr heads prevail and we don't go off the fiscal cliff. gerri: if you're looking for opportunity in the housing market, righ now is it. thanks. appreciate your time. thank you. >> my pleasure. gerri: is now the best time to buy that second h
we have been talking a lot about the fiscal cliff, and i think it is critically importanfor anyone in the housing market right now. you could see higher taxes, change the way you think a lot investing. you could find out that yu are really on the hook for more money. what are you telling peoe about that issue? >> you know, there are certain things we can control and ceain things that we can't. the government could make some -- the government to mke some disastrous decisions for the...
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Dec 1, 2012
12/12
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the middle class' most cherished tax break could be in the crosshairs of the fiscal cliff negotiations. we're talking about the mortgage interest deduction. it's been around for 99 years, but it's costing the government $80 billion this year and will reach $100 billion by 2014 making it the third largest tax expenditure according to the congressional research service. who is it really helping in the most recent irs tax data show 41 million people claim this deduction on their 2010 taxes, but the tax policy center points out it tends to benefit upper middle class families the most. for those with annual incomes of less than $40,000 a year, the average tax savings is just 91 bucks. for the people earning $250,000 a year, the annual tax savings runs about $5,500, and critics say it's not really helping to boost homeownership. going to talk to one of them in a moment. the homeownership rate in the u.s. is now about 65%. it was up near 70% during the housing boom in 2005 and 2006. now we're back to levels we last saw in the 1990s. yes, the great recession is partly to blame, but the fact is
the middle class' most cherished tax break could be in the crosshairs of the fiscal cliff negotiations. we're talking about the mortgage interest deduction. it's been around for 99 years, but it's costing the government $80 billion this year and will reach $100 billion by 2014 making it the third largest tax expenditure according to the congressional research service. who is it really helping in the most recent irs tax data show 41 million people claim this deduction on their 2010 taxes, but...
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Dec 1, 2012
12/12
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one month until the fiscal cliff and appears to be little movement, but a lot of talk back and forth and the president used a campaign style appearance to appeal directly to the american people and pushed for immediate action to extend bush era tax cuts for everybody except the more wealthy americans. >> right now congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income, everybody. and that means that 98% of americans and 97% of small businesses wouldn't see their income taxes go up at all. and even the wealthiest americans would get a tax cut on the first $250,000 of their income. >> but republicans led by house speaker john boehner said the president should quit campaigning and take care of business and some suggest that the president is playing a dangerous game of political brinksmanship. >> i think that the democrats and the president view it to their advantage to run the clock out and dangerously close by the end of the year. if there's a break through, in a short manner, takes a while to get proposals scored by the budget office and legi
one month until the fiscal cliff and appears to be little movement, but a lot of talk back and forth and the president used a campaign style appearance to appeal directly to the american people and pushed for immediate action to extend bush era tax cuts for everybody except the more wealthy americans. >> right now congress can pass a law that would prevent a tax hike on the first $250,000 of everybody's income, everybody. and that means that 98% of americans and 97% of small businesses...
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Jul 28, 2012
07/12
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let's talk about what it means to you, the threat of the so-called fiscal cliff, just the threat of it could cost you your job. christine romans joins us now. what happens if we go over the fiscal cliff? >> it would beter inl, first of all. let's focus on the sequester. that is mandatory spending cuts that automatically kick in if congress doesn't act. they're estimated to be $1 trillion in cuts over several years splitting between defense and nondefense programs. the cuts will lead to immediate reductions in procurement spending in the private sector which could result in two million direct job losses in fiscal year 2012 and 2013 including professional and business services, maybe half a million jobs lost there. manufacturing jobs, an estimated 350,000 lost there. it would, of course, hit federal workers very hard, about 300,000 jobs lost there. suppliers and vendors that do business with federal agencies and contractors could see their own indirect losses as a result. where would these job losses be? california, virginia, texas, maryland, the district of columbia. they would each los
let's talk about what it means to you, the threat of the so-called fiscal cliff, just the threat of it could cost you your job. christine romans joins us now. what happens if we go over the fiscal cliff? >> it would beter inl, first of all. let's focus on the sequester. that is mandatory spending cuts that automatically kick in if congress doesn't act. they're estimated to be $1 trillion in cuts over several years splitting between defense and nondefense programs. the cuts will lead to...
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Nov 7, 2012
11/12
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. >> expect him to talk about the fiscal cliff today. do you buy it? >> i like speaker boehner. he's old school. but i think he has a caucus heels. i don't know that he'll do that or won't. >> great to have you here. thank you so much. >>> something to keep you up to speed on because we are watching it. this possibility of a adding insult to injury on the eastern seaboard. now for this bad weather. today this storm could dump up to a foot of snow and bring more flooding to coastal g@areas. more than 1200 flights have been canceled. and michael bloomberg is urging residents in areas affected by sandy to head to shelter. bill how soon are we going to know what this storm is goingically? >> right now, thomas because it's not far off the shore, the max effects being pushed tow coastline. heading towards high tide on the jersey shore. noon to 2:00 this afternoon. and the storm surge of two to four feet will move on shore. if we're going to get damage from the additional waves, it'll the hours. the other thing that's got attention is the snow. snow totals have been upped in most areas
. >> expect him to talk about the fiscal cliff today. do you buy it? >> i like speaker boehner. he's old school. but i think he has a caucus heels. i don't know that he'll do that or won't. >> great to have you here. thank you so much. >>> something to keep you up to speed on because we are watching it. this possibility of a adding insult to injury on the eastern seaboard. now for this bad weather. today this storm could dump up to a foot of snow and bring more...
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Dec 7, 2012
12/12
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gives him a chance to go out there and have some momentum going into the fiscal cliff talks. i was just at the speaker's press conference down the hall at the top of last hour and he said look, there's no progress being made and his call with the president was just more of the same and the staff talks behind the scenes yesterday were more of the same. he didn't give us a whole lot of optimism going into this weekend here, alex. >> here's my question. i have many questions, but when we get these numbers, this is always confusing to me. last time we talked there was discussion on twitter and concern circles the bls was populated by about a socialist revolutionaries cooking the numbers for obama. those numbers have been revised downwards. may happen for november. why do analysts keep getting them wrong and when you think about the unemployment rate, theoretically we want it to go down but as you're explaining when it's going down that's not actually a good sign for the american people. down is bad, up can be good except when it's bad. the bcs is reliable except when they get it
gives him a chance to go out there and have some momentum going into the fiscal cliff talks. i was just at the speaker's press conference down the hall at the top of last hour and he said look, there's no progress being made and his call with the president was just more of the same and the staff talks behind the scenes yesterday were more of the same. he didn't give us a whole lot of optimism going into this weekend here, alex. >> here's my question. i have many questions, but when we get...
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Dec 21, 2012
12/12
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now the fiscal cliff talks are up in the air. nbc's mike viqueira is on capitol hill for us as we await the president. mike, what are we anticipating? >> reporter: we're anticipating the president is going to come out and talk about where negotiations stand at this point, and as far as we know, they're pretty much nowhere. we're sifting through the wreckage of what happened here in the house of representatives last night. i mean, a lot of people are looking at this and saying the president has doubled up on his victory on election day, his battlefield victory. he has routed the enemy, chased them into the woods, and what happened last night was a reckoning for the republican party. they are fractious by their own admission. john boehner cannot negotiate now. if he didn't have the votes for his plan "b" that set that income threshold at $1 million, there's no way in the world he gets anywhere close to the amount of votes he's going to need for the latest negotiating position for the president, which was up to $250,000 to $400,000
now the fiscal cliff talks are up in the air. nbc's mike viqueira is on capitol hill for us as we await the president. mike, what are we anticipating? >> reporter: we're anticipating the president is going to come out and talk about where negotiations stand at this point, and as far as we know, they're pretty much nowhere. we're sifting through the wreckage of what happened here in the house of representatives last night. i mean, a lot of people are looking at this and saying the...
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Nov 9, 2012
11/12
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>>caller: the fiscal cliff is a big fiscal cliff. in two to five years if this is not handled right, we are talking about a massive economic chance if we do not get this debt and deficit under control and i don't think it is showing of republican leadership when speaker boehner is putting out ideas all the proposals, all these things he hasn't checked the rank and file with and he is moving to the left that is now how you play poker. do not throw your hand on the table and say let's deal. and obama gave a political speech. did he say anything different today than on the campaign trail? if he were a serious budget he would already be meeting with the congressional leadership and he gives a political speech and now he is going overseas. they have a very tough task ahead of them and you have to are smart negotiators who will deal with obama and boehner has demonstrated over the last few years he is not one of them. >>neil: so i talked to a republican congressman earlier with was nervous about creeding -- ceding this, and he is annoyed,
>>caller: the fiscal cliff is a big fiscal cliff. in two to five years if this is not handled right, we are talking about a massive economic chance if we do not get this debt and deficit under control and i don't think it is showing of republican leadership when speaker boehner is putting out ideas all the proposals, all these things he hasn't checked the rank and file with and he is moving to the left that is now how you play poker. do not throw your hand on the table and say let's deal....
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Dec 28, 2012
12/12
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i think we heard a lot of talk about especially as it pertains to the fiscal cliff how few consequences there are in terms of inaction. the consequence is losing your seat. the consequence is losing your office. and so that is what these folks are the most concerned about. they are most concerned about a primary as -- we talked a lot about the issues on the right. the president is under a lot of pressure from his own base, too in teermt of entitlements and cuts republicans want as, you know, better than anyone. so, yes, i think that that -- stat where democrats in terms of gop friendly districts speaks as much as anything as to why not much is likely to happen. doesn't mean it won't. but not is much likely. >> you are someone that -- value -- i value your judgment in terms of seeing how the media is crafting the story. it seems the word today on friday is optimism, grows ahead of the 3:00 m. meeting. will is starting to be a leak out of the possible compromise deal. from where you stand now, do you think -- we are going have any type of compromise? is this thing going over? >> i persona
i think we heard a lot of talk about especially as it pertains to the fiscal cliff how few consequences there are in terms of inaction. the consequence is losing your seat. the consequence is losing your office. and so that is what these folks are the most concerned about. they are most concerned about a primary as -- we talked a lot about the issues on the right. the president is under a lot of pressure from his own base, too in teermt of entitlements and cuts republicans want as, you know,...
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Nov 3, 2012
11/12
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i'm talk about the fiscal cliff. if congress and the president don't act by the end of the year, nearly all of you, 90% of americans, will see your taxes rise by an average of $3,500 per household. what about disaster relief? and the congressional budget office says our economy would be pushed back into recession. i want to put congress on notice here. this week, we saw something unbelievable. and i'm not talking about simply these homes swallowed by sand and water, trees pulled from their roots. lower manhattan's skyline darkened. horrific images in america. and we also saw bipartisan cooperation. new jersey governor chris christie, one of the president'se fiercest critics, put aside politics for the good of the residents. both men heaping praise on each other. >> i cannot thank the president enough for his personal concern and compassion for our state and for the people of our state. and heard on the phone conversations with him, i was able to witness it today personally. >> i think the people of new jersey recogni
i'm talk about the fiscal cliff. if congress and the president don't act by the end of the year, nearly all of you, 90% of americans, will see your taxes rise by an average of $3,500 per household. what about disaster relief? and the congressional budget office says our economy would be pushed back into recession. i want to put congress on notice here. this week, we saw something unbelievable. and i'm not talking about simply these homes swallowed by sand and water, trees pulled from their...
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Nov 29, 2012
11/12
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it's expected they will talk about the fiscal cliff. there is also a lot of growing speculation there may be a role for romney in the obama administration. >> dozens of new york public schools victimized by looters in the aftermath of super storm sandy. the city reports 30 schools targeted including one in the rockaways and queens where nearly a hundred ipads and i macs were stolen. >> terrible. >> the looting losses rbt covered by insurance. >> clothes as eccentric as her music. yoko ono with a new line from a sketch she drew for her and john lennon's wedding. they were designed to celebrate john lennon's hot bod. tank tops with nipple cutouts, buttless pants which we are not going to show you. really. interesting. >> two words i thought you would never say. buttless pants. >>> president obama has dispatched one of his top money men to cut a deal with lawmakers. we are talking about that coming u. yep. the longer you stay with us, the more you save. and when you switch from another company to us, we even reward you for the time you spe
it's expected they will talk about the fiscal cliff. there is also a lot of growing speculation there may be a role for romney in the obama administration. >> dozens of new york public schools victimized by looters in the aftermath of super storm sandy. the city reports 30 schools targeted including one in the rockaways and queens where nearly a hundred ipads and i macs were stolen. >> terrible. >> the looting losses rbt covered by insurance. >> clothes as eccentric as...
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Nov 29, 2012
11/12
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FBC
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so much for progress on the fiscal cliff talks. at least for today. progress getting a fever pitch as john boehner says white house needs to get serious. senate majority leader harry reid says he is waiting for a serious offer from republicans. so there you can see the stock market slightly higher, reacting to every last word coming out of capitol hill. now the dow was higher, but off of the best levels of the session as we make progress. melissa arizona is the latest state to refuse the exchange. we will bring on judge andrew napolitano to talk about this one. lori: "time" magazine announcing it candidate for person of the year. wait until you hear who the candidates are. we will handicap the list with lou dobbs. melissa stocks as we do every 15 minutes. nicole petallides standing by. stocks are losing sseam as house speaker john boehner took the podium although they have recovered a bit. nicole: is difficult to monitor which way and guess which way the market will go as each headline process crosses, we'reg the market being started around the unchan
so much for progress on the fiscal cliff talks. at least for today. progress getting a fever pitch as john boehner says white house needs to get serious. senate majority leader harry reid says he is waiting for a serious offer from republicans. so there you can see the stock market slightly higher, reacting to every last word coming out of capitol hill. now the dow was higher, but off of the best levels of the session as we make progress. melissa arizona is the latest state to refuse the...
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Nov 29, 2012
11/12
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cliff talks. i think what is going on here is the white house heard the criticism and they are trying to breathe some new life into these talks. politico reported there was a phone call between the president and speaker boehner. they claim it was curt as in a short call that did not go well. jay carney just pushed back and said it was a 28-minute phone call. he said it was frank and direct. and it was good, it was positive. they believe, the white house does, that they are making progress. but i pressed jay carney. i said will spending cuts be included? and here is what he said. >> can you hold up that budget, look in the camera and say to your fellow democrats on capitol hill, vote for and include some of these spending cuts in this deal to avoid the fiscal cliff? because that's not what they are doing. should they include those? >> yes. and i know that democrats accept that there -- this has to be a balanced package that includes revenues and cuts and spending cuts. >> reporter: so news the whit
cliff talks. i think what is going on here is the white house heard the criticism and they are trying to breathe some new life into these talks. politico reported there was a phone call between the president and speaker boehner. they claim it was curt as in a short call that did not go well. jay carney just pushed back and said it was a 28-minute phone call. he said it was frank and direct. and it was good, it was positive. they believe, the white house does, that they are making progress. but...
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Aug 15, 2012
08/12
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CNBC
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>>> and there's a danger of a fiscal cliff. we talk about it every single day and then there's this. the story behind the violent crash. you can call them anytime you feel like saving money. it don't matter, day or night. use your computer, your smartphone, your tablet, whatever. the point is, you have options. oh, how convenient. hey. crab cakes, what are you looking at? geico. fifteen minutes could save you fifteen percent or more on car insurance. tdd#: 1-800-345-2550 when the spx crossed above its 50 day moving average, tdd#: 1-800-345-2550 i saw the trend. tdd#: 1-800-345-2550 it looked really strong. tdd#: 1-800-345-2550 and i jumped right on it. tdd#: 1-800-345-2550 since i've switched to charles schwab... tdd#: 1-800-345-2550 ...i've been finding opportunities like this tdd#: 1-800-345-2550 a lot more easily. tdd#: 1-800-345-2550 like today, tdd#: 1-800-345-2550 i was using their streetsmart edge trading platform tdd#: 1-800-345-2550 and i saw a double bottom form. tdd#: 1-800-345-2550 so i called one of their trading s
>>> and there's a danger of a fiscal cliff. we talk about it every single day and then there's this. the story behind the violent crash. you can call them anytime you feel like saving money. it don't matter, day or night. use your computer, your smartphone, your tablet, whatever. the point is, you have options. oh, how convenient. hey. crab cakes, what are you looking at? geico. fifteen minutes could save you fifteen percent or more on car insurance. tdd#: 1-800-345-2550 when the spx...
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Dec 28, 2012
12/12
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they were wrong. >> we are nowhere when it comes to the fiscal cliff talks. let me tell you what's going to happen today. speaker john boehner, the republican speaker, is going to try to pass what he calls his plan b, which would just simply address tax rates for those making a million dollars or more and that's it. >> john boehner walked away from the obama administration's third offer. a giant, giant compromise. so he didn't like it when they led. he didn't like the 2340eshing. he decided instead to chart his own course called plan b. plan b was supposed to show president obama that republicans had their own solution and instead of bothering with his offer they would just go ahead and pass their own plan without him. that was the idea, anyway. >> there is breaking news to report tonight out of washington. strange breaking news out of washington. within the last hour republican house speaker john boehner appears to have completely lost control of his own caucus. just about an hour ago john boehner was forced to pull his own plan off the floor because it turn
they were wrong. >> we are nowhere when it comes to the fiscal cliff talks. let me tell you what's going to happen today. speaker john boehner, the republican speaker, is going to try to pass what he calls his plan b, which would just simply address tax rates for those making a million dollars or more and that's it. >> john boehner walked away from the obama administration's third offer. a giant, giant compromise. so he didn't like it when they led. he didn't like the 2340eshing. he...
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Nov 26, 2012
11/12
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discussions over the fiscal cliff. we will eye talk about taxes and revenues and the entitlement programs too that are so important. stay tuned for that. there are new reports that the obama administration is getting ready for the future in u.s. troops in afghanistan when formal combat ends in 2014. at a moment it's a plan that could depend entirely on afghanistan's own approval. kelly wright live in washington. what about the new plan and how many u.s. troops will be involved in a support role for afghanistan, kelly. >> john allen the command tkefr u.s. and international forces in afghanistan is focused on keeping 6 to 15,000 troops in afghanistan for training and counterterrorism operation. there are still several options being discussed among american and ally military planners. there is a preliminary plan that's called for 10,000 american troops and several thousand nonamerican nato troops that may add up to the same thing that general allen has. their primary job after combat operate rations in december 2014 will
discussions over the fiscal cliff. we will eye talk about taxes and revenues and the entitlement programs too that are so important. stay tuned for that. there are new reports that the obama administration is getting ready for the future in u.s. troops in afghanistan when formal combat ends in 2014. at a moment it's a plan that could depend entirely on afghanistan's own approval. kelly wright live in washington. what about the new plan and how many u.s. troops will be involved in a support role...
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Nov 17, 2012
11/12
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MSNBC
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we hope the fiscal cliff talks will be constructive and we won't be all about seeing democrats caving into a bad deal. this morning president obama met with congressional leaders to begin negotiations on the so-called fiscal cliff. the president said the parties need to work together, find some common ground and make some tough compromises and build some consens consensus. john boehner got the message. >> to show our seriousness, we have put revenue on the table as long as it's accompanied by significant spending cuts. >> senate majority leader harry reid and democratic leader nancy pelosi sounded equally positive. >> we have the cornerstones of being able to work something out. we'll both have to give up some of the things that we know are a problem. >> we understand that it has to be about cuts, it has to be about revenue, it has to be about growth. >> then came senate minority leader mitch mcconnell. so we might have a fly in the ointment. here it is. >> i can say on the part of my members that we fully understand that you can't save the country until you have entitlement programs
we hope the fiscal cliff talks will be constructive and we won't be all about seeing democrats caving into a bad deal. this morning president obama met with congressional leaders to begin negotiations on the so-called fiscal cliff. the president said the parties need to work together, find some common ground and make some tough compromises and build some consens consensus. john boehner got the message. >> to show our seriousness, we have put revenue on the table as long as it's...
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Nov 27, 2012
11/12
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we'll talk about what his party will do to keep the nation from going over the fiscal cliff. 34 days. martha: it will go over a bit into january and that will force the issue and they will come together and we'll get something close to that grand bargain on the table that was walked away from. where are we with all of this? much more coming up on that. more than two million americans could lose their unemployment benefits at the end of this year. the 99 weeks of unemployment is about to run out for many of them. steve forbes on the impact on the economy of that and his take whether it is really a bad thing. bill: live pictures tahrir square. this is central cairo. thousands gathering again as night fallen krochs, protesting the new president's unprecedented power grab. they're calling him, some of them, the new pharaoh. we're live there with details. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may k
we'll talk about what his party will do to keep the nation from going over the fiscal cliff. 34 days. martha: it will go over a bit into january and that will force the issue and they will come together and we'll get something close to that grand bargain on the table that was walked away from. where are we with all of this? much more coming up on that. more than two million americans could lose their unemployment benefits at the end of this year. the 99 weeks of unemployment is about to run out...
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Dec 4, 2012
12/12
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cliff talk. this is all thanks to obamacare? >> yeah, that's exactly right, megyn. there was a surtax in the health care law, supposedly to pay for medicare, but they raised it -- they raided the money out of medicare before it even arrived to pay for the new obamacare spending. it's 0.9% additional medicare tax on wages of high income earners, and it is 3.8% on all unearned income, so capital gains, dividends, rental income, interest, any other unearned income has this new 3.8% surtax, and that's on top of whatever might happen in these fiscal cliff talks. megyn: so that is happening. if you make $200,000 as an individual or 250 as a family, it's happening as of january 1. >> well, looks that way. my parsing of speaker boehner's offer in the fiscal cliff talks is that this is going to happen no matter what. they talked about holding the line -- megyn: no, wait, wait, wait, let me interrupt because i just don't want to confuse the two, because all the taxes are confusing. i'm saying this surtax,
cliff talk. this is all thanks to obamacare? >> yeah, that's exactly right, megyn. there was a surtax in the health care law, supposedly to pay for medicare, but they raised it -- they raided the money out of medicare before it even arrived to pay for the new obamacare spending. it's 0.9% additional medicare tax on wages of high income earners, and it is 3.8% on all unearned income, so capital gains, dividends, rental income, interest, any other unearned income has this new 3.8% surtax,...
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Nov 30, 2012
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we are a month away from the potential fiscal cliff that everyone is talking about. he is smiling. today the president and republican lawmakers publicly bashed each other on their plans for a deal. the details are ahead. a man with a big heart. a santa costume and a lot of $100. a lost them. he is bringing early holiday cheer to super storm sandy victims. that is ahead unless breaking news changes everything. this is "studio b." first from fox at 3:00 in new york city we met the family that held one of the winning tickets to the record-breaking $588 million powerball jackpot. cindy hill bought the ticket in dearborn, missouri, population 500, half hour north of kansas city but she held off on checking the numbers. >> i didn't find out until the next day after i took my daughter to school and i want by to sigh the numbers. i got back in the car and i didn't have my glasses and i was, like, anying is that the right number? is that the right number? i was shaking, i called my husband and i said i think i am having a heart attack. >>shepard: i want a divorce. her husband, a mechanic, s
we are a month away from the potential fiscal cliff that everyone is talking about. he is smiling. today the president and republican lawmakers publicly bashed each other on their plans for a deal. the details are ahead. a man with a big heart. a santa costume and a lot of $100. a lost them. he is bringing early holiday cheer to super storm sandy victims. that is ahead unless breaking news changes everything. this is "studio b." first from fox at 3:00 in new york city we met the...